DUBLIN--(BUSINESS WIRE)--The "South Korea 5G Market (2018-2025)" report has been added to ResearchAndMarkets.com's offering.
The South Korean government aims to deploy commercial 5G network services by the second half of 2019. It is estimated that the 5G penetration rate will be 5% by 2020 and subscriber will increase from 30% in 2020 to 90% in 2026 out of the total mobile subscribers.
The South Korea 5G market is classified into SIM cellular connections and SIM M2M cellular connections. These are further divided into data per user, and 5G data traffic for each categories. In South Korea, SIM cellular connections hold the majority of the market share, whereas SIM M2M cellular connections are anticipated to grow at an increasing rate.
The 5G hype across the world has led South Korea to invest USD 1.7 Bn to roll out 5G wireless services that would enable users to download a full movie within a second. This would enable the related industries to upsell new 5G related devices and infrastructure equipment, and earn revenue worth USD 350 Mn by 2026. This will help in the expansion of the telecom infrastructure equipment industry.
Key Growth Factors
- The major growth factors driving the South Korea 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks.
- South Korean network operating companies plan to invest USD 9.36 Bn on 5G by 2018. The top three South Korean telecom companies will start commercial operations on 5G by 2019 and build nationwide 5G infrastructure by 2020.
- The region faces growth challenges, such as regulatory pressures, and new operator launches.
Major Players Featured
- SK Telecom
Key Topics Covered
Chapter 1: Executive Summary
Chapter 2: South Korea 5G Market
Chapter 3: South Korea 5G Market - SIM Cellular Connections
Chapter 4: South Korea 5G Market - SIM M2M Cellular Connections
Chapter 5: South Korea 5G Market - Applications (Internet of Things, Robotics & Automation, Virtual Reality, Others)
Chapter 6: 5G South Korea Landscape - Company Overview
Chapter 7: 5G - The Road Ahead
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